Economy – Page 5
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NewsCity snapshot: Retail inflation falls to lowest level since 2021
Shop price inflaton has contracted significantly in March, dropping to just 1.3% and the lowest level since December 2021
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NewsCity snapshot: Grocery sales growth slows as food price inflation eases
Supermarket sales growth slowed to 5.3% during February as food price inflation continues to fall. Plus results from Greggs, Bakkavor and all the rest of this morning’s news from the City
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Analysis & FeaturesWhen will the price be right to get deal volumes moving?
Newlat’s exit from Princes takeover talks reflects a market in which deals are not getting done. What’s stalling activity, and will it pick up?
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Comment & OpinionHas the economy really ‘turned a corner’ after January’s resurgence?
Economists remain divided on whether January signalled a turnaround for consumer spending and retailer sales, says Alex Lawrence, senior strategic insight director at Circana
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NewsCity snapshot: Grocery price inflation falls to two-year low
Grocery price inflation has fallen to its lowest level since March 2022, according to new data from Kantar, as promotions accelerated supermarkets continue to focus on price
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Comment & OpinionFlush the roll tax – the battle for consumer savings begins
Who Gives a Crap calls on the Treasury to scrap what it calls the ‘roll tax’. That’s the 20% VAT on toilet tissue
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NewsCity snapshot: UK retail sales bounce back as food stores return to growth
Retail sales volumes bounced back into stronger than expected growth in January following record falls in December, boosted by a recovery in food sales volumes
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NewsCity snapshot: Retail sales growth slows as cost of living weighs on consumers
UK retail sales growth slowed in January despite easing inflation as continued weak consumer demand led to ‘lacklustre’ sector performance
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NewsKraft Heinz plans green hydrogen plant for Wigan factory
The £40m scheme is forecasted to enter operation in 2026
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NewsCity snapshot: Retail footfall slides again in January
Total UK footfall decreased by 2.8% in January, according to the latest data from the BRC-Sensormatic IQ Footfall Monitor
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NewsCity snapshot: Fall in grocery inflation eases and retailers cut promotions
The fall in grocery price inflation eased last month as retailers ‘took their foot off promotions’, while sales growth lagged price increases. Plus updates from Diageo, SSP Group and Pets at Home
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NewsCity snapshot: Christmas retail sales plunge as consumers cut back
Retail sales slumped by 3.2% in December, which was the worse monthly drop since the depths of the coronavirus pandemic, as consumers cut back in the run-up to Christmas.
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Comment & Opinion‘We told you so!’ Why booze duty hike drove inflation rise
Industry figures warned duty changes in the summer would drive prices up. Now that chicken is coming home to roost
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Comment & OpinionWe must think long term to avoid a race to the bottom
Asda price matching the discounters signals a new phase, says Patrick Finlay, MD at The Category Management Company
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NewsFood manufacturers struggling more with inflation than other sectors
Food manufacturers’ margins have been squeezed in 2023 as retailers fought hard against cost price increases
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NewsCity snapshot: UK economy returns to growth amid Black Friday spending boost
The UK economy beat market expectations to return to monthly growth in November, helped by the impact of the Black Friday retail event and fewer strike actions
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Comment & OpinionHow slowing inflation will shape growth tactics in 2024
Our expectation is that volume growth will be the primary focus, says Alex Lawrence, senior strategic insight director at Circana
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NewsCity snapshot: UK retail footfall weakens in damp December
Wet weather and the cost of living crisis combined to drive a sharp reduction in UK retail footfall over the Christmas period. Plus Asda to price match the discounters and Supreme buys FoodIQ UK from administration
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NewsCity snapshot: Consumer confidence edges upwards ahead of Christmas
Consumer confidence rose again in December as lowering inflation underpins more confidence in the UK’s economic prospects for 2024
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NewsCity snapshot: UK shoppers save now to spend £5bn on food during Christmas week
Grocery sales growth slowed in November as shoppers delayed spending on food and drink to take advantage of seasonal promotions during Christmas week. Plus, the CMA opens a probe into Unilever around claims of “greenwashing” and Pepco posts record sales but profits fall back